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In the spotlight: Singapore fund manager Capital Asia Investments behind multi-million dollar Thai blue-chip deals

Some of these transactions are linked to a politically connected Cambodian tycoon and a prominent Thai businesswoman

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Goh Ruoxue

Goh Ruoxue

Published Mon, Sep 15, 2025 · 01:42 PM
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    • BT attempted to reach CAI for comment by visits to its Robinson Road office, but was told on Sep 9 that Tang was not present while Tan was in a meeting.
    • BT attempted to reach CAI for comment by visits to its Robinson Road office, but was told on Sep 9 that Tang was not present while Tan was in a meeting. PHOTO: GOH RUOXUE

    [SINGAPORE] Singapore-licensed fund manager Capital Asia Investments (CAI) has been scooping up and flipping shares of Thai blue-chips and other listed firms, through a series of complex deals. The blocks it has traded are worth about S$658 million at current market prices.

    Some of CAI’s Thai share deals – which involve an energy giant, a media firm and a diversified holding company – intersect with Cambodian tycoon Yim Leak, whose family is tied to former premier Hun Sen.

    Another deal involved Finansa Investment, a CAI-linked firm that Thai filings list as co-founded by incoming deputy finance minister Vorapak Tanyawong.

    Monetary Authority of SingaporeThailandCambodiaHun SenFund managementAsean Business

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